what are they saying about 2013, page-43

Andy,

I've been perusing the internet looking for 2013 predictions for gold and I'm afraid your $3500 prediction could be some time off if the banksters are correct. Like decades.

Here's a few I've found so far.

London Bullion Market Assoc. $1849
Goldman Sachs $1800
Barclays $1815.

Btw, while we're on the subject of Peter Schiff, I've got a book here you might like to read since you're a man of leisure. It's called 'Gold Bubble', and as far as I know it's the only book published in the last few years that warns punters about some of the tremendous risks they're taking with gold. The dudes who bought at $1920 will be finding out about now.

Schiff's a has-been, crying wolf for years about hyperinflation, chaos, exorbitant gold prices, riots and all manner of other warnings that haven't eventuated.

Here's a piece on the dangers of going going flying with Captain Schiff and a few of his reckless buddies:


"This, folks, is your fair warning: Peter Schiff, James Turk, John Williams, Marc Faber, Charles Goyette and others will surely continue ad nauseum with their predictions of runaway inflation in the dollar but consumer prices simply aren't going to cooperate with them. Sooner or later these pundits will have to face the reality of radically lower consumer price inflation than they predict. Eventually their predictions will lose all credibility."

The more educated punters have caught on, in fact it can't have gone unnoticed that many of the hardcore goldbugs here have disappeared and newbies are popping up, eager to get their fingers burned.

Cheers